Splash Beverage Group (NYSEAMERICAN:SBEV) Trading Up 4.3% – Still a Buy?

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV)’s share price rose 4.3% during trading on Monday . The company traded as high as $0.16 and last traded at $0.16. Approximately 192,941 shares traded hands during trading, a decline of 61% from the average daily volume of 490,493 shares. The stock had previously closed at $0.15.

Analysts Set New Price Targets

SBEV has been the subject of a number of recent analyst reports. HC Wainwright cut their target price on Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a research report on Friday, November 29th. Roth Mkm reaffirmed a “buy” rating and set a $1.00 price objective on shares of Splash Beverage Group in a research report on Tuesday, September 3rd.

Splash Beverage Group Stock Performance

The stock has a market cap of $10.86 million, a P/E ratio of -0.41 and a beta of -1.23.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC lifted its stake in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,365,599 shares of the company’s stock after buying an additional 1,335,185 shares during the period. Choreo LLC owned about 2.63% of Splash Beverage Group worth $343,000 as of its most recent SEC filing. 5.77% of the stock is owned by hedge funds and other institutional investors.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.